Portland, ME – Diversified Business Communications today announced the acquisition of exhibition organizer Kavin Intertrade Co. Ltd. of Bangkok. The acquisition establishes an operating division in Thailand and adds seven consumer and business events to Diversified’s portfolio.
The move brings the company’s presence in the international market to six countries. Besides Thailand, Diversified has operating divisions in Australia, Canada, Hong Kong, India and the U.K. The company said it plans to launch 10 products this year that will further expand its geographic reach and diversify its offerings in the technology, food and beverage, natural and organic, healthcare and commercial marine industries. In 2010, Diversified’s Retail Asia Expo in Hong Kong was named the “Fastest-Growing Show in Asia” as part of the annual Trade Show Executive Fastest 50 awards.
President and CEO Ted Wirth said the growth strategy is to further expand the number of industries, regions and formats offered by the company in order to continue its objective of diversified risk. Last year, Diversified expanded its portfolio of events, eMedia and publications in seven of the 15 business sectors it served, with the biggest growth in the business management sector through the acquisitions of The Accounts Payable Network, The Accounts Receivable Network and the Institute of Finance & Management’s portfolio of products.
Wirth was promoted to President and CEO following the retirement of Nancy Hasselback last June. In all, the company produces 100 trade and consumer events and conferences, six monthly trade publications and 15 eMedia products.
Reach Ted Wirth at (207) 842-5500 or TWirth@divcom.com